The 5%ers' Blog

Continuation Level At 0.50 Fibonacci On GBP/USD

May 7, 2019 | 10:00 am | The 5%ers' Blog
May 7, 2019 | 10:00 am
The 5%ers' Blog

Tuesday 07/05/2019

In this 4H chart, we can see that GBP/USD is in bullish momentum.

it seems that nothing can stop the price at least until the price will reach the resistance above.

we can see that the demand Below is also the 0.50 Fibonacci level of the recent uptrend, the combination of the demand and the 0.50 Fibonacci makes that level a great level for buy position, the resistance above will be the final target for this buy position, this opportunity relevant for swing forex traders.

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